UK Stocks-Factors to watch on July 16
16/07/2024 05:47
July 16 - Britain's FTSE 100 .FTSE index is seen
opening lower on Tuesday, with futures FFIc1 down 0.2%.
* RIO TINTO: Global mining giant Rio Tinto RIO.L reported
second-quarter iron ore shipments below analyst estimates
reflecting impacts to production from a train derailment in
mid-May.
* RIO TINTO: Rio Tinto said its massive African iron ore
project in Guinea that it is jointly developing with a Chinese
consortium has received all the regulatory approvals, including
those from the local and Chinese governments.
* RIO TINTO: Rio Tinto said it has initiated a "coordinated
shutdown" at the Iron Ore Company of Canada in Newfoundland and
Labrador in response to an evacuation order issued by the local
government over wildfires.
* SSE: French oil major TotalEnergies and UK power firm SSE
are seeking to grab a 20% share of the electric vehicle
fast-charging market in Britain and Ireland by launching a joint
venture named Source, the companies said.
* OIL: Oil prices slipped on worries about a slowing Chinese
economy crimping demand, though a growing consensus that the
U.S. Federal Reserve will begin cutting its key interest rate as
soon as September limited declines.
* METALS: Copper prices fell weighed down by weak economic
data from top consumer China and rising inventories in most
global warehouses.
* FTSE: Britain's FTSE 100 closed lower on Monday, pressured
by weaker commodity prices and U.S. political uncertainty, while
shares of luxury retailer Burberry plunged to a 14-year low.
* UK CORPORATE DIARY:
Ocado OCDO.L HY results
B&M European BMEB.L Q1 trading update
McBride MCB.L Year-end trading update
Petra Diamonds PDL.L FY operational update
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))